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    Covina Office Space For Lease Title is generated by Realmo AI

    650 Shoppers Lane, Covina, CA 91723

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    For Lease
    $6,400/Mo $32 SF/Yr (calc)

    Commercial Lease - Covina, CA

    Property size:
    2,340 SF
    Added:
    May 18, 2026
    Days on Market:
    3
    Last Refresh:
    May 20 at 6:06 pm

    Property Features for 650 Shoppers Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    General Commercial C-3A (
    Standard status
    Active
    APN
    8451001040
    Size
    2,340 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Pomes

    Listing agent Michael Pomes License #02223370

    Listing office Provenio Realty and Investment 100 W. Lemon Ste. 203, Monrovia, CA

    Listing date May 18, 2026

    MLS# AR26105687 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in Covina's Shoppers Lane with high visibility and foot traffic.
    • Versatile C‑3A (PCD) zoning allows for a wide range of business uses.
    • Stand‑alone building with 2,340 sq ft featuring 6 private offices, 2 bathrooms, and a large break room.
    • Executive office with built‑in desk/shelves, private bathroom, and separate exit.
    • Easy access with rear parking and public parking available.
    • Conveniently located near the 10 FWY and Citrus Avenue.

    Overview

    Located in Covina's Shoppers Lane, this 2,340 square foot office space is suitable for administrative, professional, medical, or retail use. The stand-alone building is designed with a layout that includes 6 private offices, 2 bathrooms, and a large break room. Attention to detail is evident throughout the building, including updated baseboards. The private entrance leads to a large reception area and a hallway connecting to each office. The executive rear office features a built-in desk and shelf design, along with a private bathroom and exit door. Situated in the middle of Shoppers Lane, the property benefits from high visibility and is surrounded by local businesses such as Fonda Don Chon, Old World Deli, Georgia’s, and Pouryou coffee. Rear parking and public parking are available. The General Commercial C-3A (PCD) zoning allows for various business uses. The location is north of the 10 Freeway and off Citrus Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Colwell Gerald T ... Accounting Firm Colwell Downing Certified ... Accounting Firm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.888186
    Latitude
    34.077805

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    FAQs

    What type of property is this?
    Office units - 2,340 square foot office space in Covina's Shoppers Lane.
    Where is this office units located?
    The property is located at 650 Shoppers Lane Covina, CA.
    What is the lease rate?
    The lease rate is $6,400 /Mo.
    What are key features of this property?
    This property features: Prime location in Covina's Shoppers Lane with high visibility and foot traffic.; Versatile C‑3A (PCD) zoning allows for a wide range of business uses.; Stand‑alone building with 2,340 sq ft featuring 6 private offices, 2 bathrooms, and a large break room.
    (626) 823-5654
    We can help!
    Listing Contact
    Michael Pomes
    Real Estate License ID: 02223370
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    650 Shoppers Lane, Covina, CA 91723
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